Jangmadang

Jangmadang (Korean: 장마당), Korean for 'market grounds', are the North Korean farmers' markets, local markets and black markets. Since the North Korean famine, they have formed a large informal economy. Since the 1990s, the government has become more lenient towards them; however, merchants still face heavy regulations. Currently a majority of North Koreans are dependent on markets for their survival.


Jangmadang (Korean: 장마당), Korean for 'market grounds', are the North Korean farmers' markets, local markets and black markets. Since the North Korean famine, they have formed a large informal economy. Since the 1990s, the government has become more lenient towards them; however, merchants still face heavy regulations. Currently a majority of North Koreans are dependent on markets for their survival.
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